ETS MAJOR FIELD TEST IN BUSINESS PRACTICE QUESTIONS AND ANSWERS
3 views 0 purchase
Course
ETS Major Field
Institution
ETS Major Field
ETS MAJOR FIELD TEST IN BUSINESS
PRACTICE QUESTIONS AND ANSWERS
In marketing research, a firm might consider using secondary data over primary data because
a) secondary data usually cost less
b) secondary data are usually more accurate
c) primary data are usually non specific
d) primary data ...
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow requires two pounds of
raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4 per hour. Fixed supervisory costs
are $2,000 per month and Dreamland rents its factory on a five-year lease for $4,000 per month. All
costs are considered costs of production.
Another firm has offered to produce "Old Softy" pillows and sell them to Dreamland for $12 each.
Dreamland cannot avoid the factory lease payments, but can avoid all labor costs if it does not produce
these pillows. Under these conditions, how many "Old Softy" pillows must Dreamland sell to earn
monthly gross profits of $1,000?
(A) 417
(B) 500
(C) 625
(D) 875 - ANSWER✔✔-(C) 625
Page 4/68
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Emillect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
